Catching up with the competition, now Sony is in plans to manufacture smartphones in India to follow “Come Make in India” trend. This program is being adopted by many other mobile manufacturing companies in India, Foxconn almost finalized plan to enter Andhra Pradesh. Though Sony hasn’t mentioned any specific details about the plant in India but gave us a hint that something might happen in the coming two years. Details like the time frame and investment are also not disclosed. Today’s report mentioned that Sony has stopped manufacturing facility in 2004 and now importing smartphones from China, Malaysia, Thailand, and Japan. The company is now looking to grow their market share by 20% this year.
Sony India has turnover of Rs 10,000 crore in 2014-15 and around 75% of its revenue came from Bravia range of TVs and Xperia smartphones, stated the report. Sony India is the fourth highest contributor in the global sales for Sony Corporation. There was a report back in January that said Sony was looking to sell their smartphone division but later there was no news regarding the same. Companies that are in line to start manufacturing plant in India are ess, earlier in January this year. Since past couple of months a range of smartphone makers including Celkon, Microsoft, LG, Asus, Xiaomi, Micromax, Karbonn.